8088712 11/8/2017 5:01 PM, GBP/USD ST: supported by a rising trend line.


Pivot: 1.3020


Our preference:

long positions above 1.3020 with targets at 1.3340 & 1.3660 in extension.


Alternative scenario:

below 1.3020 look for further downside with 1.2780 & 1.2600 as targets.


Comment:

a support base at 1.3020 has formed and has allowed for a temporary stabilisation.


Supports and resistances:


1.3840 *

1.3660 **

1.3340 **


1.3135

Last

1.3020 ***

1.2780 *

1.2600 **